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Message Boards Settings Siebert Financial Corp. (SIEB) - Quote Info
2Q Results     17-Aug-09 02:06 pm    
Returned to profitability and revenue stabilized back to historical norm. Profit number was not meaningful, but it's nice that there is no cash burn. Makes it easier to wait for an acquisition. From that perspective, the more important thing is that revenue is returning to $30MM run rate, which is close to what it has averaged since 2001. I think the possibility that Siebert will hang on too long remains the biggest risk with this investment. It's cheap enough that I don't mind owning a wasting asset as long as the attrition rate is slow enough.
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no_schlock

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New York


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2Q Results
no_schlock Not rated 17-Aug-09 02:06 pm  
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Siebert Financial Corp. (SIEB)

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On Nov 30: 2.41 Up 0.01 (0.42%)
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